Sunrun Inc. (RUN): Steven Vassallo , director 10% owner of Sunrun Inc. sold 961 shares on May 17, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $6.21 per share for a total value of $5,967.81 , the company said in a SEC Form 4 Filing.
Company has been under the radar of several Street Analysts.Sunrun Inc is Initiated by Guggenheim to Buy. The Rating was issued on May 4, 2016.Sunrun Inc is Initiated by Deutsche Bank to Buy and the brokerage firm has set the Price Target at $15. The Rating was issued on Mar 10, 2016.
Sunrun Inc. provides solar energy to homeowners. The Company either directly or through one of its solar partners installs a solar energy system on a customer’s home and either sells the system to the homeowner or as is more often the case sells the energy generated by the system to the homeowner pursuant to a lease or power purchase agreement (PPA). The Company’s core solar product offerings are provided through a lease or a power purchase agreement which are substantially similar to one another. The Company provides solar service offerings through three channels: its direct-to-consumer channel; its solar partner channel that originates customers for its solar service offerings procures and installs solar energy systems on its customers’ homes on its behalf and a growing set of strategic relationships with recognized non-solar brands. With its solar service offerings the Company installs solar energy systems on its customers’ homes and sells them the solar power.